Bad news for Swiggy as company receives Massive tax demand notice of Rs…, it now plans to…
GH News April 02, 2025 10:06 AM
New Delhi: Swiggy a food and grocery delivery platform has informed that it has received an assessment order with an additional tax demand of over Rs 158 crore for the period between April 2021 and March 2022. The Company has received an assessment order for the period April 2021 to March 2022 where an addition of Rs 1582580987 (one hundred and fifty-eight crores twenty five lakhs eighty thousand nine hundred and eighty seven only) has been made Swiggy said in a regulatory filing. The company has further informed that the order has been issued by Deputy Commissioner of Income-tax Central Circle 1 (1) Bangalore. It relates to alleged contraventions including cancellation charges paid to merchants disallowed under Section 37 of the Income-tax Act 1961 and interest income on income tax refund not being offered to tax. The company believes that it has strong arguments against the order and is taking necessary steps to protect its interest through review/appeal. The company said the order has no major adverse impact on its financials and operations. Zomato lays off 600 customer support employees Zomato on the other hand has laid off nearly 600 customer support associates within a year of hiring them according to the reports. This move comes as the company reportedly experiences slowing growth in food delivery and losses in its quick commerce unit Blinkit. Zomato has also been using artificial intelligence (AI) to automate customer support functions to reduce costs. Incidentally the layoffs come weeks after the launch of ‘Nugget’ an in-house AI-powered customer support platform developed over three years. Nugget handles over 15 million monthly interactions across Zomato’s platforms including Blinkit and Hyperpure.
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